Obama to Increase Taxes on Himself

He and First Lady Michelle Obama paid $855,323 in federal taxes, while making $172,050 in charitable contributions to 37 different charities. The largest reported gifts were $25,000 to both the United Negro College Fund and the relief organization CARE.

“The president sold a lot of books last year, no doubt, and paid a hefty amount in federal income tax,” White House press secretary Robert Gibbs said. As president, Obama now is paid $400,000 a year.